In a surprise move, the Reserve Bank of India has cut the key policy rate by 25 basis points, setting the tone for a reduction in lending rates by banks. This will prod banks to drop interest rates on
MUMBAI: With economic growth likely to slow down in the March quarter 2019, the RBI may cut repo rate by 25 basis points. already done consecutive rate cuts in its previous policy meetings and the.
Second consecutive rate cut: RBI slashes key rates by 25 bps in April The central bank, in its first bi-monthly meeting for FY’20, shifted the repo rate to 6.0 per cent from the previous 6.25 per.
With a 35 basis point cut (highest this year) the repo rate, at which RBI lends to commercial banks, stood at a 9-year low of 5.4 per cent, since July 2010 when it was 5.25 per cent. The previous three cuts this year were 25 basis points each.
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New Delhi: In an unusual move, the Reserve Bank of India on Wednesday reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy. The 35 basis points (bps) cut in repo is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
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The Reserve Bank of India on Wednesday cut the key interest rate for the fourth consecutive time, reducing the policy repo rate by 35 basis points from 5.75 per cent to 5.40 per cent. In the.
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As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019. Even though the Indian economy is perceived to be in the grips of a slowdown, the markets are quite bullish. As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point.
"As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019. Even though the Indian economy is perceived to be in the grips of a slowdown, the markets are quite bullish on Modi’s return to power with a thumping.